Economics Department

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1. Explain the difference between Demand side and Supply side policies                           (4 marks)
2. Identify three categories of supply side policies.                                                            (3 marks)
3. Give two examples from each category                                                                        (6 marks)
4. Use AD/AS analysis to explain the likely impact of successfully implemented Supply Side policies.                                                                                                                      (4 marks)
5. Explain why Keynesian economists emphasise the importance of demand management.(5 marks)
6. Explain why complete reliance on demand management is no longer considered viable. (5 marks)



 



7. Describe the trends in Inflation and Unemployment between 1991 and 2000.               (4 marks)
8. Explain, with the aid of an AD/AS diagram whether this relationship what theory would suggest.                                                                                                                      (5 marks)
9. Explain how a combination of demand and supply side policies have allowed the economy to behave the way it has since 1993.                                                                                                                         (5 marks)
10. Evaluate the relative importance of demand and supply side policies in controlling the UK Economy in the early 21^st century.                                                                                                                       (9 marks)

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                                                                                                                                            50 marks